NOT LISTED FOR SALE

1925 Arpa Way Las Vegas, NV 89108

Michael Way Neighborhood

Estimated Value: $813,726 - $1,031,000

12 Beds
8 Baths
4,768 Sq Ft
$188/Sq Ft Est. Value

Last Sold May 17, 2013

Last sale price $289,000 $61 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $5,013/month

171 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan

About This Home

As of May 2013

$40,000 + A YEAR-INCOME approx.-Gov't Pays on 1$t of Month GAURANTEED! 4 Sec 8 tenants. Make appt listing agent. $80,000+ upgrades. Built 1991. No Hoa! 4 units/3 bed/2 bath 1150+sqf each. Big 4-Plex-Appr 5,000 sqf. Washer/Dryer/fireplace/Granite. 2 Backyards.As-Is Sale. Buyers,Buyers Agent to verify all info. buyer to pay difference

Last Agent to Sell the Property

Jonathan Fazal

United Real Estate License #B.0049896 Listed on: 10/27/2012

United Real Estate

Last Buyer's Agent

Marisol Drake

Realty ONE Group, Inc License #S.0047879

Realty ONE Group, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,925

Year Built

  • Built in 1991

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in average condition

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 4,768 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • Sierra Oeste #2 Subdivision
  • Maintenance Expense $3,000

Listing and Financial Details

  • Legal Lot and Block 30 / 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,925

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.16
  • CapRate: 9.92
  • Subdivision Name: SIERRA OESTE #2
  • Directions: Lake Mead / Jones. - go west, make first left on to Arpa Way. House is 3rd on Left.
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1991
  • Special Features: None
  • Stories: 2
  • Year Built: 1991

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Flooring: Carpet, Hardwood, Other
  • Interior Amenities: Ceiling Fan(s), Window Treatments
  • Window Features: Blinds

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Block
  • Property Condition: Average Condition, Resale
  • Roof: Composition, Shingle, Tile

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Annual Utilities Expense: 2200.0

Condo/Co-op/Association

  • Amenities: None

Schools

Lot Info

  • Lot Size Sq Ft: 6970.0
  • Additional Parcels Description: ---

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 39655.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3000.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 2925.0
  • Tax Block: 1
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2012
Closed on
May 15, 2013
Sold by
Fazal Jonathan H
Bought by
Malamud Herman L
Seller's Agent
Jonathan Fazal
United Real Estate
Buyer's Agent
Marisol Drake
Realty ONE Group, Inc
List Price
$650,000
Sold Price
$289,000
Premium/Discount to List
-$361,000
-55.54%
Current Estimated Value
$894,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$605,182
Avg. Annual Appreciation
9.38%

Purchase Details

Listed on
Nov 21, 2011
Closed on
Mar 8, 2012
Sold by
Ko Romeo P and Ko Benita U
Bought by
Fazal Jonathan H
Seller's Agent
Sheila Adiele
Bold Step Realty LLC
Buyer's Agent
Jonathan Fazal
United Real Estate
List Price
$155,000
Sold Price
$133,000
Premium/Discount to List
-$22,000
-14.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
91.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Malamud Herman L $289,000 Equity Title Of Nevada
Fazal Jonathan H $133,000 Equity Title Of Nevada
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2013 05/17/13 Sold $289,000 -55.5% $61 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
10/27/2012 10/27/12 For Sale $650,000 +388.7% $136 / Sq Ft
03/09/2012 03/09/12 Sold $133,000 -14.2% $28 / Sq Ft View Prior Sale
02/08/2012 02/08/12 Pending -- -- --
11/22/2011 11/22/11 For Sale $155,000 -- $33 / Sq Ft
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,710 $147,454 $54,950 $92,504
2024 $3,436 $147,454 $54,950 $92,504
2023 $3,436 $133,370 $47,600 $85,770
2022 $3,181 $123,779 $42,000 $81,779
2021 $2,946 $111,410 $32,900 $78,510
2020 $2,733 $109,131 $30,800 $78,331
2019 $2,561 $107,584 $29,400 $78,184
2018 $2,444 $102,707 $26,600 $76,107
2017 $3,114 $94,988 $18,375 $76,613
2016 $2,288 $83,957 $15,400 $68,557
2015 $2,283 $78,554 $14,000 $64,554
2014 $2,212 $65,465 $11,200 $54,265
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Fazal

    Seller's Agent in 2013

    Jonathan Fazal

    United Real Estate

    (702) 574-5178

    2 Total Sales

    Jonathan Fazal
    Section Image

  • M

    Buyer's Agent in 2013

    Marisol Drake

    Realty ONE Group, Inc

    (702) 280-0560

    4 in this area

    34 Total Sales

    Marisol Drake
    Section Image

  • S

    Seller's Agent in 2012

    Sheila Adiele

    Bold Step Realty LLC

    (702) 498-2289

    28 Total Sales

    Sheila Adiele
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1296420

Las Vegas REALTORS®

APN: 138-23-711-012

Nevada Clark County Las Vegas 89108 Michael Way

1925 Arpa Way, Las Vegas, NV

Not Listed for Sale

MultiFamily

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